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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.
Choose an answer
Commission
Rent
Intrest
Carriage
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Question # 2
Drawee of bank draft is.
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Creditor
Debtor
Issuing bank
Paying bank
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Question # 3
Who was the founder of commercial bank
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Goldsmiths
Merchants
Money lenders
All the above
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Question # 4
What kind of power does commercial bank possess regarding credit creation
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Unlimited power
Limited power
No power
All the above are possible
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Question # 5
If credit money is controlled by the sale and purchase of government securities, it is called
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Direct action
Moral persuation
Change in reserve ration
Open market operation
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Question # 6
Temples were used as early banks in.
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Italy
Room
Greece
Iraq
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Question # 7
Bill brokers and discount houses work in.
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Open market
Capital market
Money Market
None of these
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Question # 8
The main sources of bank's fund are
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Own capital
Deposits
Loan from other banks
All the above
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Question # 9
The L.C. which is accompanied by some documents is called.
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Documentary L.C.
Revolving L.C.
Back to back L.C.
Simple L.C.
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Question # 10
How many products of E banking
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5
6
7
8
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Question # 11
Investiment trusts and finance houses.
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As open market
Money market
Capital market
None of these
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Question # 12
Credit instrument drawn by one bank on another bank is called
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Cheque
Bills of exchange
Bank draft
Treasury bill
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Question # 13
The statement of Pakistan was inaugurated by:
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Liaqat-Ali-Khan
Abdul-Rub-Nishar
Quaid-e-Azam
Nawaz-Sharif
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Question # 14
If there is no gurantee to honour the L.C. It is called.
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Documentary L.C.
Revolving L.C.
Back to back L.C.
Unconfirmed L.C.
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Question # 15
The Governor of SBP is oppointed for.
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Five years
Four years
Three years
Two years
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Question # 16
Draft Drawn and paid in two differnet countries is called.
Choose an answer
Foreign draft
Demand draft
Local draft
None of these
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